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Nonprofiteer
← STATE CHARTERED CREDIT UNIONS IN LOUISIANA

Form 990 for tax year 2023

Filed by STATE CHARTERED CREDIT UNIONS IN LOUISIANA.

Totals

Total revenue
$9,538,578
Total expenses
$7,279,588
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,960,817
Investment income
$1,322,866
Other revenue
$3,254,895
Total assets, end of year
$109,115,586
Total liabilities, end of year
$85,618,250
Net assets or fund balances, end of year
$23,497,336
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,279,588

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Interest on Loans

    total $4,960,817 · related or exempt $4,960,817 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,328,926 · related or exempt $1,328,926 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets -$6,060

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets -$6,060

  • 7d · Net gain or loss

    total -$6,060 · related or exempt -$6,060 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Fee Income

    total $1,810,837 · related or exempt $1,810,837 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Other Income

    total $1,444,058 · related or exempt $1,444,058 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,254,895

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $2,471,930

  • 9 · Other employee benefits

    total $841,585

  • 11c · Fees: accounting

    total $54,673

  • 13 · Office expenses

    total $2,070,442

  • 16 · Occupancy

    total $167,535

  • 17 · Travel

    total $42,533

  • 20 · Interest

    total $650,406

  • 24a · Other expenses: Education & Promotion

    total $133,962

  • 24b · Other expenses: Loan Servicing Expense

    total $485,107

  • 24c · Other expenses: Other Operating Fees

    total $34,600

  • 24d · Other expenses: Misc Operating

    total $326,815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,780,597 · end of year $17,008,423

  • 2 · Savings and temporary cash investments

    beginning of year $17,465,801 · end of year $17,490,475

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,710,293 · end of year $2,935,022

  • 6 · Loans and receivables from disqualified persons

    beginning of year $63,821,376 · end of year $68,223,766

  • 10a · Land, buildings and equipment: cost or other basis

    $7,311,764

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,064,351

  • 10c · Land, buildings and equipment, net

    beginning of year $2,433,117 · end of year $2,247,413

  • 15 · Other assets

    beginning of year $1,233,851 · end of year $1,210,487

  • 17 · Accounts payable and accrued expenses

    beginning of year $598,584 · end of year $652,396

  • 25 · Other liabilities

    beginning of year $85,608,105 · end of year $84,965,854

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,238,346 · end of year $23,497,336

Mission and programs · 2023

Activities or mission (Part I)

To operate a state chartered credit union providing loans, savings and checking accounts to members.

  • We did not receive any grants

    Expenses $7,279,588 · Revenue $9,538,578

As filed on the 2023 return.

Listed in Part VII

  • Keith Cooley

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Burl Cain

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Ron Granier

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Eugenie Powers

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • James Rogers

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Benny Harris

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Tim Hooper

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Donnie Bordelon

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Travis Day

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Tanisha Matthews

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Moore

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Malcom Myer

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Sheryl Ranatza

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Seth Smith

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Richard Stalder

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Pete Fremin Jr

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Jeffrey Travis

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Edward Bickham

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Marcus Myers

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Misty Stagg

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Otha C Nelson JR

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Ryan V Horvath

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Deborah M Dauzat

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Kristen Thomas

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Jamie Lee Jr

    Director

    Total calculated
    $0
    Hours/week
    1.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202441389349300609

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